Petrol, diesel prices to remain unchanged January

Petrol, diesel prices to remain unchanged January

The government took decision on the summary on Tuesday. From January, the government will be charging 17 percent general sales tax (GST) on all petroleum products, according to a report in The News.

Earlier, the Oil and Gas Regulatory Authority (OGRA) suggested that petroleum price products should increase by up to 3.2%.

The OGRA had proposed raising Rs2.25 per litre on high-speed diesel, while Rs3.10 on kerosene oil.

Petrol and diesel prices continued to increase on Tuesday, the final day of the year, because of the rise in crude oil prices in the worldwide market. Apart from that, petroleum levy is being collected on these products from the consumers. On the other hand, the price of diesel in the four metros has increased to Rs 67.96, Rs 70.38, Rs 71.31 and Rs 71.86 per litre respectively. For December 2019, the Ogra had notified LPG price at Rs1,513.69/cylinder or Rs128.27/kg. The price for one liter of super petrol is set at QR 1.90 in January, which also is the same as this month's price.

This price included excise duty of Rs85/ton, while excluding the petroleum levy.

A major reason for the higher power tariff was the consumption of re-gasified liquefied natural gas (RLNG) in power production, which left an additional impact of Rs24 billion.

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